6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-13), Inrad Optics's 6-1 Month Momentum % is -19.55%.
The industry rank for Inrad Optics's 6-1 Month Momentum % or its related term are showing as below:
INRD's 6-1 Month Momentum % is ranked worse than 73.57% of 2474
companies
in the Hardware industry
Industry Median: 1.6
vs INRD: -19.55
Competitive Comparison of Inrad Optics's 6-1 Month Momentum %
For the Electronic Components subindustry, Inrad Optics's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Inrad Optics's 6-1 Month Momentum % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inrad Optics's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Inrad Optics's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Inrad Optics 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Inrad Optics's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.
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